Section 3.6

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63. B - A=P(1+(r/k))^(kt)
--> A=2250(1+(.07/4))^(4x6)
--> A=3412.00
correct
64. C - [x=APY]
1+x=(1+(r/k))^(kt)
--> x=[(1+(.06/12))^12] - 1
--> x=.0617 = 6.17%
will not be on test ... assigned by
accident.
65.E - FV=R[((1+i)^n) -1]/i
-->FV=300([((1+.00375)^(12x20)) -1]/.00375)
--> FV=116,437.31
correct
66. A - PV=R[(1-(1+i)^(-n))/i]
--> 120,000=R[(1-(1+(.0725/12))^(-15x12))/(.0725/12)]
--> 120,000=R(109.5455) --> R=1095.44
correct